Bank Julius Baer & Co. Ltd Zurich Has $1.41 Million Holdings in Samsara Inc. (NYSE:IOT)

Bank Julius Baer & Co. Ltd Zurich lowered its holdings in shares of Samsara Inc. (NYSE:IOT) by 8.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 42,291 shares of the company’s stock after selling 3,890 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Samsara were worth $1,412,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Fred Alger Management LLC bought a new position in shares of Samsara during the third quarter valued at about $28,000. Ulland Investment Advisors LLC grew its stake in Samsara by 67.4% in the 3rd quarter. Ulland Investment Advisors LLC now owns 1,490 shares of the company’s stock worth $38,000 after buying an additional 600 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Samsara by 31.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,575 shares of the company’s stock valued at $53,000 after purchasing an additional 381 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Samsara in the 4th quarter valued at $162,000. Finally, Belpointe Asset Management LLC purchased a new stake in shares of Samsara in the 3rd quarter valued at $202,000. Institutional investors own 89.39% of the company’s stock.

Samsara Stock Performance

NYSE:IOT opened at $35.99 on Friday. The firm has a market cap of $19.81 billion, a P/E ratio of -67.91 and a beta of 1.56. Samsara Inc. has a fifty-two week low of $16.63 and a fifty-two week high of $40.54. The firm has a 50-day simple moving average of $34.71 and a two-hundred day simple moving average of $31.50.

Samsara (NYSE:IOT) last released its quarterly earnings data on Thursday, March 7th. The company reported ($0.08) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.08). Samsara had a negative net margin of 30.59% and a negative return on equity of 22.90%. The business had revenue of $276.27 million during the quarter, compared to analyst estimates of $258.56 million. On average, equities research analysts predict that Samsara Inc. will post -0.4 EPS for the current year.

Wall Street Analysts Forecast Growth

IOT has been the subject of a number of recent analyst reports. Loop Capital started coverage on shares of Samsara in a report on Thursday, April 18th. They set a “buy” rating and a $42.00 price target for the company. StockNews.com raised shares of Samsara from a “sell” rating to a “hold” rating in a research report on Tuesday, March 5th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $32.60.

Insider Transactions at Samsara

In related news, insider Adam Eltoukhy sold 9,344 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $34.75, for a total value of $324,704.00. Following the transaction, the insider now owns 431,439 shares of the company’s stock, valued at $14,992,505.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Samsara news, CEO Sanjit Biswas sold 96,000 shares of the business’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $33.16, for a total transaction of $3,183,360.00. Following the transaction, the chief executive officer now owns 1,019,921 shares in the company, valued at $33,820,580.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Adam Eltoukhy sold 9,344 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $34.75, for a total transaction of $324,704.00. Following the completion of the transaction, the insider now owns 431,439 shares in the company, valued at $14,992,505.25. The disclosure for this sale can be found here. Insiders sold 1,697,460 shares of company stock worth $58,340,865 over the last three months. 66.14% of the stock is currently owned by company insiders.

About Samsara

Samsara Inc provides solutions that connects physical operations data to its connected operations cloud in the United States and internationally. The company's Connected Operations Cloud includes Data Platform, which ingests, aggregates, and enriches data from its IoT devices and has embedded capabilities for AI, workflows and analytics, alerts, API connections, and data security and privacy.